In 2020, Digital Asset Management Corp

question 87

Multiple Choice

In 2020, Digital Asset Management Corp. (DAM) collected $2,500,000 from its customers. These cash receipts would be reported on DAM's 2020 cash flow statement as a(n) :

• A) investing activity
• B) financing activity
• C) operating activity
• D) operating and investing activities

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Definitions:

Physical

Pertaining to the material world or the body, as opposed to the mind or virtual processes.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the material welfare of human society.

Psychological Barrier

An emotional or mental resistance that inhibits a person from achieving a goal or performing an action.